Choosing which markets to trade...

[fr33m4n]

Hello there,
Greetings from Brazil.

I'm a Football Trader, and for months i have tried to trade the horse markets. I've purchased some courses too, including the Caan's Video Pack. Watched all videos from Mug's channel in youtube but i'm still having problems trying to figure out how to choose quality markets to trade.

I can't figure out what's the difference between the monday/tuesday markets and the others like saturday.

In football i work 90% on the BPL (Only some matches...), Bundesliga 1 - 2, Spanish (La Liga 1 - 2) and some French matches depending on the time.

Trading in random doesn't work for me.

I gave up the In-Play Market months ago, and started to at least stop loosing money in the pre-race markets.

My question is, how to choose the right market, or at least quality markets to trade?

Do i have to read every horse form? Do i have to know every trainer/ horse stable and this kind of stuff? Need to know every jockey?

Thanks and sorry for my bad english! I'm almost a year without practicing...

[SeaHorseRacing]

Difficult question to answer.

This depends on your style.

Monday is generally poor quality racing, where as Saturdays is good quality so liquidity will be better.

My advice would be to use information you have as way to approach the markets, but take the time to watch the markets and understand how they work, how they move.

Record your trades and keep a diary.

[fr33m4n]

Difficult question to answer.

This depends on your style.

Monday is generally poor quality racing, where as Saturdays is good quality so liquidity will be better.

My advice would be to use information you have as way to approach the markets, but take the time to watch the markets and understand how they work, how they move.

Record your trades and keep a diary.

Sea,
many many thanks for the reply.

My main trade style for the pre-race horse markets is taking big swings. That's where i have consistently and positive returns.

But that's the main question. I keeping doing everything that you suggests since the day that my Betfair Account was created (We're talking about Football). My main income comes from Football, but i want to learn all the dynamics of Horse Markets.

I know how to at least identify genuine money, read graphs (In Brazil i trade the local financial markets), and this kind of stuff.

In football i consider a good "quality" market, a match that at least have 100k matched, with the lowest delay possible, better odds and etc.

My question is, what makes a good quality horse market?or a good race to trade?

Let me give you a example... You can consider a quality market when, let's say 800k-900k was matched in the last 10min? Or you can consider if there at least two or three horses that consistently wins? Or do i have to search for trainers who have a good reputation and their winning horses?

I can consider the racecourse too? Let's say today we have races in Exeter, Kempton Park and other like the irish racecourse Dundalk. The racecourse influences directly in the maket quality?

That's the last part of the puzzle that i'm trying to catch.

Thanks again for the help!

[SeaHorseRacing]

Ok.

If your prefered style is long swings, you want to stick with Maiden/NHF/Novice style races and again lower odds tend to move more. Not exact science as you can get big swings in any market.

You do not need to know about trainers etc to trade horse racing, this is something you will pick up from having the racing tv pictures on in the background.

Again the quesion your asking is dificult to answer. The only way you will truly answer your own questions is to monitor the markets. Spend time analysing them instead of trading.

You will have the answers to your questions when you have the correct approach and longevity in the markets.

[fr33m4n]

Ok.

If your prefered style is long swings, you want to stick with Maiden/NHF/Novice style races and again lower odds tend to move more. Not exact science as you can get big swings in any market.

You do not need to know about trainers etc to trade horse racing, this is something you will pick up from having the racing tv pictures on in the background.

Again the quesion your asking is dificult to answer. The only way you will truly answer your own questions is to monitor the markets. Spend time analysing them instead of trading.

You will have the answers to your questions when you have the correct approach and longevity in the markets.

Thanks Sea!

That's the direction that i needed. I will keep my focus on Maiden, NHF and Novices racings.

[wilf]

Thanks Sea!

That's the direction that i needed. I will keep my focus on Maiden, NHF and Novices racings.

Sorry Seahorse, I disagree with the stick to Maidens etc advice but the rest was spot on. Ok you do get some big swings in them, which although suits his style if you're new to horse racing markets i'd be avoiding maidens as they're way to volatile if you're not used to them.

Freeman you can still get swings in other types of races even the decent quality races covered by channel 4 on a saturday. My advice is to just get in the markets and get a feel for how they move in the different types of races, prize money available. Start recording your trades to look back and learn from.

You don't have to know everything about the horse and trainers, but it does help the more information that you can build up about the market you're trading the more confident you will be about your trades.

Maidens, novice style races all weather tracks and irish races can get some nice swings in them, but trade these when you get a feel for the markets and build your confidence. Then you can trade these markets which suit your style of trading.

Good luck.

[Silvbird]

Hi from Somerset,

(Although Daisy's Secret's race was a handicap, it was a weak market - she was being backed with bookmakers into 9/2 but was 10/s with exchanges)

Caan points out being such a weak market there was a chance of movement & he proved right as before off backed into 6/s on exchange too.

Today at Fairyhouse 12.10 Soul Kaliber was across the board blue with OddsChecker as being backed into 4/s & 9/2 - this a maiden hurdle (quality comment from above by the way) but was floating around 15/s on Betfair. I'm thinking, 'any second now, Xmas, surely!' It ping-ponged 15/s 12/s 15/s 12/s 15/s & then whooosh into 7/s before the off.

[SeaHorseRacing]

Hi from Somerset,

(Although Daisy's Secret's race was a handicap, it was a weak market - she was being backed with bookmakers into 9/2 but was 10/s with exchanges)

Caan points out being such a weak market there was a chance of movement & he proved right as before off backed into 6/s on exchange too.

Today at Fairyhouse 12.10 Soul Kaliber was across the board blue with OddsChecker as being backed into 4/s & 9/2 - this a maiden hurdle (quality comment from above by the way) but was floating around 15/s on Betfair. I'm thinking, 'any second now, Xmas, surely!' It ping-ponged 15/s 12/s 15/s 12/s 15/s & then whooosh into 7/s before the off.

If a bookie was offering 9/2 (5.5) and it was 10s on the exchange if I was a bookie I'd definitely be hedging that one up.

[fr33m4n]

Thanks Sea!

That's the direction that i needed. I will keep my focus on Maiden, NHF and Novices racings.

Sorry Seahorse, I disagree with the stick to Maidens etc advice but the rest was spot on. Ok you do get some big swings in them, which although suits his style if you're new to horse racing markets i'd be avoiding maidens as they're way to volatile if you're not used to them.

Freeman you can still get swings in other types of races even the decent quality races covered by channel 4 on a saturday. My advice is to just get in the markets and get a feel for how they move in the different types of races, prize money available. Start recording your trades to look back and learn from.

You don't have to know everything about the horse and trainers, but it does help the more information that you can build up about the market you're trading the more confident you will be about your trades.

Maidens, novice style races all weather tracks and irish races can get some nice swings in them, but trade these when you get a feel for the markets and build your confidence. Then you can trade these markets which suit your style of trading.

Good luck.

Thanks Wilf!

Just to be clear... Guys, i don't want anyone to give me their edge or their strategies. For me, it's a matter of honor to completely understand how the horse markets work and find a strategy that suits myself.LOL

It took me months and lots of losses to understand the football markets. I know, i have been there (Financial Markets) before, and it's extremely frustrating and painful doing this again and again.

Thanks to my Holy Bible - Trading in the Zone, every time things get difficult, that's where i go.LOL

[macawboy]

Hi from Somerset,

(Although Daisy's Secret's race was a handicap, it was a weak market - she was being backed with bookmakers into 9/2 but was 10/s with exchanges)

Caan points out being such a weak market there was a chance of movement & he proved right as before off backed into 6/s on exchange too.

Today at Fairyhouse 12.10 Soul Kaliber was across the board blue with OddsChecker as being backed into 4/s & 9/2 - this a maiden hurdle (quality comment from above by the way) but was floating around 15/s on Betfair. I'm thinking, 'any second now, Xmas, surely!' It ping-ponged 15/s 12/s 15/s 12/s 15/s & then whooosh into 7/s before the off.

I use to have Oddschecker open when i was into matched betting, but in all the time i did, i never saw such a huge difference in the bookmakers prices and exchange prices.
Unless of course you are talking rank outsiders.

[Korattt]

would love to know how Euler managed to execute this move, with such reasonably high stakes, goes against everything I've been taught